Shaw & Co helps amber energy secure £1million unsecured loan to support its growth strategy
amber energy, the Cardiff-based energy management consultancy, has received a boost to its working capital in the form of a long-term, unsecured loan of £1million.
Formed in 2009, amber energy has grown rapidly by providing a transparent consultancy service for its clients, helping them to save time, money and CO₂ through increased energy efficiency.
Led by Shaw & Co and with support from Caple, an eight-year loan, provided by BNP Paribas, will allow amber energy to focus single-mindedly on pursuing its ambitious growth plans. Speaking about the deal, Shaw & Co Debt Advisory Associate Rick Martignetti said: “We worked very closely with amber’s management team to arrange the most suitable funding for their ambitious growth plans. Saving the environment is a global issue that affects all of us, and our future generations. We are delighted to play a small part in helping amber to continue its great work in helping companies to understand and reduce their carbon footprint. We look forward to seeing their future success.”
Nick Proctor, founder and CEO of amber energy, said: “This long-term, unsecured loan demonstrates the strength of amber energy’s business plan and is an endorsement of the vision that guides the direction that we are travelling in.
“We are committed to addressing what we call the ‘Utilities Trilemma’ by balancing the financial, operational and environmental goals of our customers. Our focus on this has seen us win a diverse range of clients from multiple sectors, resulting in us more than doubling our contracted sales year-on-year. Supporting our high-speed of growth while maintaining market-leading client retention levels will be our clear focus in the near-term.
Nick continued: “With this capital injection we will also invest in the areas of the business that have and will continue to set us apart from the competition, particularly our proprietary technology and data services. These capabilities, coupled with our deep sector expertise, will help cement our position as a utilitech partner to our clients.
“While we pursue our exciting plans we will stay true to our founding principle of bringing unprecedented levels of transparency to our clients. It’s a regrettable fact that trust still gets abused in the commercial utilities sector. Clients are treated unfairly, and efforts to make a positive environmental impact are slow and disjointed. It is our belief that, by solving the ‘Utilities Trilemma’, we can save customers time, money and CO₂ and, moreover, do so in an open and honest way.”